@r2000 12 August 2020 edited

Fiat Currency VS Cryptocurrency!! !Must read!!!

The full comparison of fiat and crypto is here for you guys. This article is so simple and contain everything you need to know about and also i tried to figure out this organize pattern to make you understand easily. Let's get straight to the points Fiat                                                                                                                   crypto   Physical medium of Exchange                                  1. Digital medium of exchange Represented by Bills and coin                                 2.  Represented by 1 private & 1 - public codes. Unlimited supply                                                            3. Limited Supply Issued by government                                                 4.  Produced by computers Centralized (controlled by law and banks)         5. Decentralized. (Not controlled - by anyone) Value determined market and regulation            6. Value determined by supply - and demand

Where Does It come From? Fiat Crypto Each country has its own mint, controlled    1.  Computers solve complex by governmental oversight.                                      mathematical problem & are - rewarded for their solution                            -                                                            with coins.

How To Acquire? Fiat Crypto Wages and salaries/                                                                                 Wages and salary sales                                                                                                             Sales  win the lottery                                                                                         Mining invest                                                                                                           Crypto-exchange/ invest                                                 Where Can It be Used? Fiat Crypto Mainly with in the sovereign territory of     1.   Mainly online, to buy issuing country.                                                                          products and services lesser - extent. USD, EURO and YEN are used as                      2. Some of countable numbers of reserve and exchanged to local currency.           Accepts crypto.

Can I Have Profit From Holding It? Fiat Crypto *Fiat money often suffers from inflationary.            *  Crypto is deflationary in nature. *As goods and services become expensive                 * Its value is less influenced by, the value of money decreases.                                          price of goods and   services. *The interest rate is generally set by the                 * Fixed supply means market forces central bank to regulate money.                                        alone responsible for any phenomenon Value.                                                     How Secure Is It? Fiat Crypto *Difficult to counterfeit but still possible                 * Nearly impossible to counterfeit. *Identification should be exposed for        * No identification requires for transactions. transactions.    Hope you guys enjoyed reading this. If you feel like this article was good, give it an upvote or donate or sponsor some cents. I would love to hear from you readers leave a comment after reading this. Have good time.